Friday, 14 July 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 14 JULY 2017

Aluminium trading range for the day is 120.2-126.2. Aluminium rallied by 1.82% as concerns over potential supply curbs in number one producer China sparked a rally in the metal. An industry association said last month that China will launch a crackdown to curb illegal expansion of aluminium capacity. Russian aluminium giant Rusal expects the global aluminium deficit to widen to between 1.7mtns and 1.8mtns in 2018 from 1.3mtns in 2017.